Funny eh? Neither. They don’t need to. With all this attention you and I are giving them, they have already created a lot of value for JPMC. I am sure the desks are already ringing with clients demanding to go long JPMC now. Then there is the Crypto world screaming how to short this. Nothing yet. It is a private network that is controlled by the bank and just like the government they can print as many JPMC as they want. Here are the options they have IMO:
a. Print parallel to USD as a currency and come together with other banks one day and replace USD (probably govt at play on that one)
b. List as a separate company and do a STO (or whatever that is called in the future)
c. Do an IPO and call it creation of shareholder wealth. I call it financial engineering
d. Do nothing and see it grow and show it on balance sheet for current stock to grow. Others follow suit. SEC plays it quiet.